Pandemic reversed poverty reduction by up to 10 years, says World Bank


Children clean car windows at a traffic stop in Caracas, Venezuela, on October 6, 2021. The World Bank says the Covid-19 pandemic had pushed up poverty and debt levels in low-income countries, highlighting a 'tragic reversal' in development. – EPA pic, October 14, 2021.

WORLD Bank group president David Malpass said yesterday that the Covid-19 pandemic had pushed up poverty and debt levels in low-income countries, highlighting a “tragic reversal” in development.

“It’s already pushed nearly 100 million people into extreme poverty. That’s the added number in extreme poverty,” Malpass said at a virtual press conference during the IMF-World Bank Annual Meetings.


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